Weller steps down as Argos MD

Wednesday 20 April 2011 - Editorial Assistant

The search for a new Argos Managing Director (MD) is underway after current incumbent Sara Weller announced her departure from the multichannel retailer today, effective from June.

CEO of parent company Home Retail Group Terry Duddy will assume responsibility for the multichannel retailer on an interim basis while a replacement is found.

Weller revealed she is leaving for personal reasons and is not understood to be taking on a full-time role elsewhere, although she will seek non-executive positions in the future.

Her departure comes soon after Alliance Boots CEO Andy Hornby and Debenhams CEO Rob Templeman both announced they will be stepping down from their respective roles at a time when UK retailers are being faced with falling sales and low consumer confidence.

Argos’s MD said today that her decision to leave is “absolutely in the best interests of my family and me”.

“I will miss being part of the strong team that we have built within the business,” she commented.